Trust Wallet Hacked, ~$7M Stolen

️ On today's Top Picks:

Crypto News

• ⭐️ Aave $AAVE “brand seizure” proposal fails to pass; ~55% voted against, ~41% voted to abstain, & ~4% voted in favor; a "revote" with a proper process, clear terms, & higher turnout is expected next month.

• Hyper Foundation $HYPE Assistance Fund now formally recognized as burned following a governance vote; the tokens were permanently removed from the circulating and total supply.

• Uniswap $UNI UNIfication proposal passes; 100M UNI to be burned, fee switches to be turned on, Uniswap Labs to focus on the protocol, and more.

• Bybit to restrict access for Japanese users starting in 2026; cites compliance with Japan's financial regulations; users will receive further communication as the restrictions roll out.

• Philippine ISPs block Coinbase $COIN & Gemini $GEMI after the NTC & BSP ordered access restrictions on ~50 unauthorized trading platforms; Binance $BNB was previously blocked in March 2024.

Alpha

• Hyperliquid $HYPE launches Earn feature; users can supply $USDC to earn yield.

• OpenEden $EDEN launches yield-bearing stablecoin $USDO on Kaia; also launches $cUSDO on Solana $SOL.

• Rainbow $RWBW launches prediction markets for all users on iOS & Android; feature powered by Polymarket $POLY; Rainbow points program is ongoing.

• RISEx, a perpetuals DEX on RISE $RISE chain, launches public testnet; RISE chain to launch mainnet soon.

• ICYMI Fogo $FOGO completes first round of snapshots for Flames Season 1.5; snapshot includes Fogo Fishing, Valiant LPing, & USDC transfers; Season 1.5 is still ongoing.

• ICYMI Hyperliquid $HYPE lists Lighter $LIT hyperps; users can long or short with up to 3x leverage; currently trading at ~$3.4 (~$3.4B FDV).

Airdrops

• ⭐️ Base $BASE distributes winnings from its Holiday Rewards campaign; users can check the Base app to see if they won.

• Lighter $LIT announces there will be no airdrop claim process; tokens will automatically be distributed to wallets; prediction markets forecast a ~93% chance Lighter launches an airdrop by the end of December.

• Fogo $FOGO announces updated tokenomics; allocates 6% of genesis supply for 'Community Airdrop', 1.5% on January 13th & 4.5% for future rewards.

• Billions completes snapshot #1 for its upcoming airdrop; Billions Power Points holders, creators, Genesis & Supermasks NFT holders, & more will be eligible.

• Brevis $BREV announces tokenomics; 28.7% is allocated for 'Community Incentives'; 3.5% is allocated for 'Airdrops'; to launch airdrop registration soon.

• HeyElsa to launch airdrop checker in January; HeyElsa V1 & V2 points holders will be eligible; to launch airdrop claim in January (tentative).

• ICYMI Espresso $ESP launches airdrop registration, eligibility checker; to add additional airdrop eligibility criteria soon; to launch airdrop claim in early 2026.

Finance News

• US President Trump to soon announce a nominee for the Federal Reserve Chair; prediction markets forecast an ~92% chance a nominee is announced by the end of January.

• ⭐️ Gold $XAU, Silver $XAG, & Platinum $XPG reach new all-time highs; Gold is up ~72% YTD, Silver is up ~166% YTD, & Platinum is up ~160% YTD.

• Nvidia $NVDA announces $20B licensing deal with Groq, an AI hardware company; Nvidia to also hire Groq founder Jonathan Ross and other employees.

• US announces new tariffs on Chinese semiconductors, though it will be 0% until June 2027; the new tariffs are the result of a year-long survey launched by the US Bureau of Industry and Security.

• China sanctions 20 US defense firms & 10 executives in response to the $11.1B US arms sales to Taiwan; sanctions include Boeing $BA, Northrop Grumman $NOC, Anduril Industries, Palmer Luckey, among others.

• ZOOZ Strategy $ZOOZ receives a Nasdaq compliance notice after its stock fell below the $1 minimum bid-price requirement; ZOOZ has until June 2026 to recover or face potential delisting.

• Upexi $UPXI files a shelf registration with the US SEC to raise up to $1B; currently holds 2,106,989 SOL (~$258M).

Security and Exploits

• ⭐️ Trust Wallet's $TWT browser extension (v2.68) is compromised; advises users on v2.68 to disable the extension and upgrade to v2.69; ~$7M has been stolen, though Trust Wallet says it will compensate affected users.

• Brian Armstrong says an "ex-Coinbase customer service agent was just arrested," thanks to the Hyderabad Police in India; Coinbase disclosed that cybercriminals bribed agents to steal customer data in May.

• Polymarket $POLY confirms multiple users experienced losses due to a security issue involving a third-party provider; Polymarket says the issue has since been resolved and no risks remain.

• Lighter $LIT publishes the code that verifies every operation of Lighter; also completes audits of its perpetual and spot circuits.

• Gnosis Chain $GNO hard forks to recover ~$9.4M from recent Balancer hack; the DAO will decide on compensation and distribution plans.

• Solstice's $USX temporarily depegged due to a secondary market liquidity issue; Solstice says the custodied assets backing USX remain unaffected and over 100% collateralized.

• Koinly discloses potential data leak due to a third-party provider breach; affected data includes name, email address, approximate location, & device information.

Token Unlocks

• Humanity $H / ~$16M / DEC 25th
• Plasma $XPL / ~$12M / DEC 25th
• Jupiter $JUP / ~$11M / DEC 28th
• Hyperliquid $HYPE / ~$257M / DEC 29th
• Kamino $KMNO / ~$11M / DEC 30th
Sourced from Tokenomist

Funding

• HashKey Capital $HSK $3887HK raises $250M for HashKey Fintech Multi-Strategy Fund IV.

• ⭐️ Architect raises $35M in Series A funding led by Miami International Holdings $MIAX and Tioga Capital.

• Coinbax raises $4.2M in Seed funding led by BankTech Ventures.

• easy[.]fun raises $2M in Seed funding led by Mirana Ventures.

• Rocket raises $1.5M in Pre-Seed funding led by Electric Capital.

The Degen Farmer